Buy power utilities but stay away from power financiers: Chakri Lokapriya (09-10-2024)
Chakri Lokapriya highlights the resilience of the power sector, naming NTPC and Skipper, which show earnings momentum. He also discusses Trent’s consistent growth potential in the retail sector and finds companies like Devyani, operating Pizza Hut and KFC, attractively valued after recent corrections. He advises caution with power financiers due to telecom funding uncertainties.
Garuda Construction IPO subscribed 1.91 times on Day 1 (09-10-2024)
Retail investors show keen interest
FTSE Russell includes India in EM bond index; traders see inflows worth around $4 billion (09-10-2024)
Government bond yields may fall by up to 5 basis points in the early hours of trade on Wednesday as the prospect of sustained overseas flows is likely to boost market sentiment. However, an hour into trade, bond traders will take fresh cues from the Reserve Bank of India’s policy statement which is scheduled at 10 am. Yield on the 10-year government bond closed at 6.82% on Tuesday.
Stock Alert: Phoenix Mills, Signature Global, Infosys, Dr reddys Lab, IRFC (09-10-2024)
SAIL, Bandhan Bank, Birlasoft, Gujarat Narmada Valley Fertillisers & Chemicals (GNFC), Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank
Stocks that will see action today: October 9, 2024 (09-10-2024)
Buzzing stocks: JM Financial, IRB Infra, Tata Technologies, Torrent Power, Timken India, Schneider Electric, Infosys, Dr Reddy’s Lab, IRFC, Premier Energies, Namo eWaste